IDEAS home Printed from https://ideas.repec.org/a/gam/jtourh/v5y2024i2p24-394d1389857.html
   My bibliography  Save this article

Direct Economic Short-Term Impact of Public Spending in Sporting Events: The Case of the Elite and Senior Badminton World Championships

Author

Listed:
  • María Quirante

    (Department of Physical Education and Sports, Faculty of Sport Science, University of Granada, 18011 Granada, Spain)

  • Jordi Seguí-Urbaneja

    (National Institute of Physical Education of Catalonia (INEFC), University of Lleida (UdL), 25192 Lleida, Spain
    Grup d’Investigació Social i Educativa de l’Activitat Física i de l’Esport (GISEAFE), INEFC, University of Barcelona (UB), 08038 Barcelona, Spain)

  • Juan Carlos Guevara-Pérez

    (Faculty of Economics and Business, University of Zaragoza, 50005 Zaragoza, Spain)

  • David Cabello-Manrique

    (Department of Physical Education and Sports, Faculty of Sport Science, University of Granada, 18011 Granada, Spain)

Abstract

Sporting events are drivers of urban life and have the potential to bring substantial short-term economic benefits to the host region by attracting visitor spending. This study has analyzed the impact generated by the 2021 Senior and Elite Badminton World Championships that took place in Huelva, Spain. The objectives are (i) determine the economic impact and determining factors; and (ii) the impact on the development of badminton in the region. For this purpose, the study used the Cost-Benefit Analysis approach to estimate the cashflows through a survey applied to both events. The results reflect a direct positive impact on the region’s economy, although the results are not as satisfactory at the sporting level. The article contributes to the few mid-range event studies on a minority sport in a city with a highly developed tourism sector.

Suggested Citation

  • María Quirante & Jordi Seguí-Urbaneja & Juan Carlos Guevara-Pérez & David Cabello-Manrique, 2024. "Direct Economic Short-Term Impact of Public Spending in Sporting Events: The Case of the Elite and Senior Badminton World Championships," Tourism and Hospitality, MDPI, vol. 5(2), pages 1-14, May.
    • Handle: RePEc:gam:jtourh:v:5:y:2024:i:2:p:24-394:d:1389857
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2673-5768/5/2/24/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2673-5768/5/2/24/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robert W. Wassmer & Ryan S. Ong & Geoffrey Propheter, 2016. "Suggestions for the Needed Standardization of Determining the Local Economic Impact of Professional Sports," Economic Development Quarterly, , vol. 30(3), pages 252-266, August.
    2. Juan Carlos Guevara-Pérez & Jorge Rojo-Ramos & Santiago Gómez-Paniagua & Jorge Pérez-Gómez & José Carmelo Adsuar, 2022. "Preliminary Study of the Psychometric Properties of a Questionnaire to Assess Spanish Canoeists’ Perceptions of the Sport System’s Capacity for Talent Development in Women’s Canoeing," IJERPH, MDPI, vol. 19(7), pages 1-10, March.
    3. Markus Brückner & Evi Pappa, 2015. "News Shocks in the Data: Olympic Games and Their Macroeconomic Effects," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(7), pages 1339-1367, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Raffaello Bronzini & Sauro Mocetti & Matteo Mongardini, 2020. "The economic effects of big events: Evidence from the great jubilee 2000 in Rome," Journal of Regional Science, Wiley Blackwell, vol. 60(4), pages 801-822, September.
    2. Mitsuhiro Osada & Mayumi Ojima & Yoshiyuki Kurachi & Ko Miura & Takuji Kawamoto, 2016. "Economic Impact of the Tokyo 2020 Olympic Games," Bank of Japan Research Papers 16-01-21, Bank of Japan.
    3. Beckmann, Joscha & Boysen-Hogrefe, Jens & Groll, Dominik & Hoffmann, Timo & Jannsen, Nils & Kooths, Stefan & Schröder, Christian & Sonnenberg, Nils, 2024. "Deutsche Wirtschaft in Sommer 2024: Erholung kommt mühsam in Gang [German Economy Summer 2024: Recovery gets off to a slow start]," Kieler Konjunkturberichte 115, Kiel Institute for the World Economy (IfW Kiel).
    4. Christopher Vierhaus, 2019. "The international tourism effect of hosting the Olympic Games and the FIFA World Cup," Tourism Economics, , vol. 25(7), pages 1009-1028, November.
    5. Beckmann, Joscha & Jannsen, Nils, 2024. "Gesamtwirtschaftliche Auswirkungen von Fußball-Großveranstaltungen," Kiel Insight 2024.05, Kiel Institute for the World Economy (IfW Kiel).
    6. Michał Marcin Kobierecki & Michał Pierzgalski, 2022. "Sports Mega-Events and Economic Growth: A Synthetic Control Approach," Journal of Sports Economics, , vol. 23(5), pages 567-597, June.
    7. Rickman, Dan & Wang, Hongbo, 2020. "Assessing State Economic Development from Motion Picture and Television Production Incentives: Standardizing the Industry for Analysis," MPRA Paper 104052, University Library of Munich, Germany.
    8. Martin Thomas Falk & Markku Vieru, 2021. "Short-term hotel room price effects of sporting events," Tourism Economics, , vol. 27(3), pages 569-588, May.
    9. Jean-Jacques Gouguet & Christophe Lepetit, 2017. "The Economic Impact Of Euro 2016. Methodological Aspects," Rivista di Diritto ed Economia dello Sport, Centro di diritto e business dello Sport, vol. 13(2), pages 153-171, settembre.
    10. Timothy Besley & Thiemo Fetzer & Hannes Mueller, 2023. "How Big Is the Media Multiplier? Evidence from Dyadic News Data," CESifo Working Paper Series 10619, CESifo.
    11. Viktoria C. E. Langer & Wolfgang Maennig & Felix J. Richter, 2015. "News shocks in the data: Olympic Games and their macroeconomic effects – Reply," Working Papers 052, Chair for Economic Policy, University of Hamburg.
    12. Matthias Firgo & Oliver Fritz, 2023. "Regionalwirtschaftliche und touristische Effekte von Sportgroßveranstaltungen," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(7), pages 481-490, July.
    13. Patrícia Crespo Sogas & Ivette Fuentes Molina & Àlex Araujo Batlle & Josep Maria Raya Vílchez, 2021. "Economic and Social Yield of Investing in a Sporting Event: Sustainable Value Creation in a Territory," Sustainability, MDPI, vol. 13(13), pages 1-15, June.
    14. Olmos, Lorena & Bellido, Héctor & Román-Aso, Juan A., 2020. "The effects of mega-events on perceived corruption," European Journal of Political Economy, Elsevier, vol. 61(C).
    15. Deokwoo Nam & Jian Wang, 2019. "Mood Swings and Business Cycles: Evidence from Sign Restrictions," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(6), pages 1623-1649, September.
    16. Wifo, 2023. "WIFO-Monatsberichte, Heft 7/2023," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(7), July.
    17. Stefan Szymanski & Bastien Drut, 2020. "The Private Benefit of Public Funding: The FIFA World Cup, UEFA European Championship, and Attendance at Host Country League Soccer," Journal of Sports Economics, , vol. 21(7), pages 723-745, October.
    18. Stephen P. Ferris & Sulgi Koo & Kwangwoo Park & David T. Yi, 2022. "The Effects of Hosting Mega Sporting Events on Local Stock Markets and Sustainable Growth," Sustainability, MDPI, vol. 15(1), pages 1-15, December.
    19. Daniel Weimar & Markus Schauberger, 2018. "The impact of sporting success on student enrollment," Journal of Business Economics, Springer, vol. 88(6), pages 731-764, August.
    20. Robert A. Baade & Victor A. Matheson, 2016. "Going for the Gold: The Economics of the Olympics," Journal of Economic Perspectives, American Economic Association, vol. 30(2), pages 201-218, Spring.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jtourh:v:5:y:2024:i:2:p:24-394:d:1389857. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.